Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria

Sunday Alewo Omale; Marcus Garvey Orji; Thomas Oladele; Kizito Babatunde Olaniyi

doi:doi:10.11648/j.jim.20170601.17

| Peer-Reviewed

Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi

Published in Journal of Investment and Management (Volume 6, Issue 1)

Received: 18 December 2016 Accepted: 17 January 2017 Published: 4 March 2017

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.

Published in	Journal of Investment and Management (Volume 6, Issue 1)
DOI	10.11648/j.jim.20170601.17
Page(s)	44-49
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Corporate Venture, Investment, Strategy, Inter-Firm Knowledge Transfer, Service Firms

References

[1]	Mowery, D. C.; Joanne, E. O. & Brian, S. S. (1996). Strategic Alliances and Inter-firm Knowledge Transfer. Strategic Management Journal, Vol. 17, 77-91.
[2]	Porter, M. E. & Fuller, M. B. (1986). Coalitions and global strategy. In M. E. Porter (ed.), Competition in Global Industries. Boston: Harvard Business School Press, 315-344.
[3]	Hagedoorn, J. (1993). Understanding the rationale of strategic technology partnering: Inter-organizational modes of cooperation and sectoral differences, Strategic Management Journal, Vol. 14 (5), 371-385.
[4]	Powell, W. & Brantley, P. (1992). Competitive cooperation in biotechnology: Learning through networks? In N. Nohria and R. Eccles (eds.), Networks and Organizations: Structure. Form and Action. Boston, MA: Harvard Business School Press, 365-394.
[5]	Tansey, P., Meng, X. and Cleland, D. (2013) A critical review of response strategies adopted by construction companies during an economic recession, in Smith, S. D. and Ahiaga-Dagbui, D. D. (eds) Proceedings 29th Annual ARCOM Conference, 2–4 September, Reading, UK, pp. 679–89.
[6]	Thisday Live Newspaper. (2016,} ‘As Nestle Encounters New Challenges. August 10. Retrieved from: http://www.thisdaylive.com/index.php/2016/08/10/as-nestle-encounters-new-challenges/
[7]	Argote, L. & Ingram, P. (2000). "Knowledge transfer: A Basis for Competitive Advantage in Firms". Organizational Behavior and Human Decision Processes, 82 (1). 150–169.
[8]	Pahnke, E. McDonald, R. Dan Wang, and Benjamin Hallen. (2014) Exposed: Venture capital, competitor ties, and entrepreneurial innovation. Academy of Management Journal
[9]	Helmers, C, Manasa, P, and Raghavendra. R (2013). Do board interlocks increase innovation? evidence from natural experiments in india. Working Paper, 2013.
[10]	Roberta D and Nina Y. (2015) Venture Capital and Knowledge Transfer Toulouse School of Economics Tulane University
[11]	Grant, R. M. & Baden-Fuller, C. (1995). A knowledge based theory of inter-firm collaboration, Best Academy of Management, pp. 17-21.
[12]	Hamel, G. (1991). Competition for competence and inter-partner learning within international strategic alliances. Strategic Management Journal, Summer Special Issue, Vol. 12, 83-103.
[13]	Simonin, B. L. (1999). “Ambiguity and the process of knowledge transfer in strategic alliances”. Strategic Management Journal, Vol. 20 (7), 595-623.
[14]	Ettlie, J. E. & Pavlou, P. A. (2006). “Technology-based new product development partnerships”. Decision Sciences, Vol. 37 (2), 117-47.
[15]	Omale, S. A. (2015). Impact assessment of Inter-organizational Trust on Virtual Organizations Performance in Nigerian Service Firms. Cscanadian Journal of Business & Management, 12 (1), 6-19.
[16]	Reed, R. & DeFillippi, R. J. (1990). “Causal ambiguity, barriers to imitation and sustainable competitive advantage”. Academy of Management Review, Vol. 15 (1), 88-102.
[17]	Cohen, W. M. & Levinthal, D. A. (1990), “Absorptive capacity: a new perspective on learning and innovation”. Administrative Science Quarterly, Vol. 35, 128-52.
[18]	Cummings, J. L. & Teng, B. S. (2003). “Transferring R&D knowledge: the key factors affecting Knowledge transfer success”, Journal of Engineering & Technology Management, Vol. 20, 39-68.

Cite This Article

Plain Text BibTeX RIS

APA Style

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi. (2017). Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. Journal of Investment and Management, 6(1), 44-49. https://doi.org/10.11648/j.jim.20170601.17

Copy | Download

ACS Style

Sunday Alewo Omale; Marcus Garvey Orji; Thomas Oladele; Kizito Babatunde Olaniyi. Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. J. Invest. Manag. 2017, 6(1), 44-49. doi: 10.11648/j.jim.20170601.17

Copy | Download

AMA Style

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi. Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. J Invest Manag. 2017;6(1):44-49. doi: 10.11648/j.jim.20170601.17

Copy | Download

@article{10.11648/j.jim.20170601.17,
  author = {Sunday Alewo Omale and Marcus Garvey Orji and Thomas Oladele and Kizito Babatunde Olaniyi},
  title = {Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria},
  journal = {Journal of Investment and Management},
  volume = {6},
  number = {1},
  pages = {44-49},
  doi = {10.11648/j.jim.20170601.17},
  url = {https://doi.org/10.11648/j.jim.20170601.17},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20170601.17},
  abstract = {This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria
AU  - Sunday Alewo Omale
AU  - Marcus Garvey Orji
AU  - Thomas Oladele
AU  - Kizito Babatunde Olaniyi
Y1  - 2017/03/04
PY  - 2017
N1  - https://doi.org/10.11648/j.jim.20170601.17
DO  - 10.11648/j.jim.20170601.17
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 44
EP  - 49
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20170601.17
AB  - This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.
VL  - 6
IS  - 1
ER  -

Copy | Download

Author Information

Sunday Alewo Omale

Department of Business Administration, Veritas University, Abuja, Nigeria
Marcus Garvey Orji

Department of Business Administration, Veritas University, Abuja, Nigeria
Thomas Oladele

Department of Business Administration, Veritas University, Abuja, Nigeria
Kizito Babatunde Olaniyi

Department of Entrepreneurial Studies, Veritas University, Abuja, Nigeria

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi. (2017). Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. Journal of Investment and Management, 6(1), 44-49. https://doi.org/10.11648/j.jim.20170601.17

Copy | Download

ACS Style

Sunday Alewo Omale; Marcus Garvey Orji; Thomas Oladele; Kizito Babatunde Olaniyi. Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. J. Invest. Manag. 2017, 6(1), 44-49. doi: 10.11648/j.jim.20170601.17

Copy | Download

AMA Style

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi. Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. J Invest Manag. 2017;6(1):44-49. doi: 10.11648/j.jim.20170601.17

Copy | Download

@article{10.11648/j.jim.20170601.17,
  author = {Sunday Alewo Omale and Marcus Garvey Orji and Thomas Oladele and Kizito Babatunde Olaniyi},
  title = {Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria},
  journal = {Journal of Investment and Management},
  volume = {6},
  number = {1},
  pages = {44-49},
  doi = {10.11648/j.jim.20170601.17},
  url = {https://doi.org/10.11648/j.jim.20170601.17},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20170601.17},
  abstract = {This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria
AU  - Sunday Alewo Omale
AU  - Marcus Garvey Orji
AU  - Thomas Oladele
AU  - Kizito Babatunde Olaniyi
Y1  - 2017/03/04
PY  - 2017
N1  - https://doi.org/10.11648/j.jim.20170601.17
DO  - 10.11648/j.jim.20170601.17
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 44
EP  - 49
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20170601.17
AB  - This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.
VL  - 6
IS  - 1
ER  -

Copy | Download